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Patient Voice Needed In Outcomes-Based Contracts, PhRMA Exec Says

 
• By Brenda Sandburg

PhRMA President and CEO Stephen Ubl says patient preferences can be among metrics in outcomes-based arrangements between biopharma and payers; experimentation needed before US government gets involved in value-based pricing.

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Patients need a seat at the table as biopharma manufacturers and payers forge outcomes-based risk sharing contracts, Stephen Ubl, president and CEO of the Pharmaceutical Research and Manufacturers of America, said.

Speaking at the Financial Times US Healthcare & Life Sciences Summit in New York May 18, Ubl said "value frameworks are here to stay" and can be factored into outcomes-based...

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